Post Utme Summit University 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A business has the following transactions in its incomplete records: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | ₦10,000 | | | 15 Jan | Purchase of goods | | ₦20,000 | | 20 Jan | Sale of goods | | ₦30,000 | | 25 Jan | Cash | | ₦5,000 | What is the total amount of cash at bank on 31 Jan?

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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